D.A. Davidson announced today that it served as exclusive financial advisor to Cerberus Capital Management (“Cerberus”) on the acquisition by certain affiliates of Cerberus of Votaw Precision Technologies (“Votaw”), a leading provider of highly engineered spaceflight & defense hardware and precision components. The partnership with Votaw is led by Cerberus’ Supply Chain and Strategic Opportunities platform, which invests in companies that address critical national shortage areas to drive innovation, promote resilient infrastructure, and increase security for the United States and its allies.
Founded in 1963, Votaw manufactures mission-critical hardware and components for launch and undersea vehicles, satellites, ground radar, and other aerospace defense applications. Operating out of a 210,000-square-foot facility in Santa Fe Springs, California, Votaw’s vertically integrated capabilities include vertical turning, largescale milling, fabrication, complex assembly, special processing, and testing & finishing. As a recognized leader in reliability and quality, Votaw serves as a key supplier in the U.S. industrial base for space and defense hardware on existing and next-generation programs. With Cerberus’ support, Votaw plans to invest in the deepening of customer relationships, the expansion of its machining and assembly capacity and geographical footprint, and the continued evolution of its offerings to support programs and priorities of national significance.
The transaction represents the ongoing success of D.A. Davidson’s Aerospace, Defense & Government Services practice and highlights the continued momentum in D.A. Davidson’s Diversified Industrials Investment Banking Group.
D.A. Davidson Investment Banking is a leading full-service investment bank that offers comprehensive financial advisory and capital markets expertise. The group has extensive transaction experience serving middle-market clients worldwide across four industry verticals: Consumer, Diversified Industrials, Financial Institutions, and Technology. Together with its European strategic partner, MCF Corporate Finance, D.A. Davidson originates and executes transatlantic M&A transactions under the common brand of D.A. Davidson MCF International.
About D.A. Davidson
D.A. Davidson Companies is an employee-owned financial services firm offering a range of financial services and advice to individuals, corporations, institutions and municipalities nationwide. Founded in 1935 with corporate headquarters in Great Falls, Montana, and regional headquarters in Denver, Greater Los Angeles, New York, Omaha and Seattle, the company has approximately 1,600 employees and offices in 30 states.
Subsidiaries include: D.A. Davidson & Co., a full-service investment firm providing wealth management, investment banking, equity and fixed income capital markets services, and advice; Davidson Investment Advisors, a professional asset management firm; D.A. Davidson Trust Company, a trust and wealth management company; and Davidson Fixed Income Management, a registered investment advisor providing fixed income portfolio and advisory services.